ParcelLens
Property Intelligence · Twin Cities
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In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2023 · $11K total declared value · Most recent: Nov 2025 (misc)
HOFFMAN WEBER CONSTRUCTION INC
GV Heating and Air Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Powderhorn Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 85
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
Urban Neighborhood 3 — medium-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 3,378 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 3420 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | FMJ MALL LLC | APARTMENT | $777,000 | 50 ft |
| 3412 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | BLOOMINGTON SQUARE APT LLC | APARTMENT | $1,956,000 | 75 ft |
| 3424 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | 3424 BLOOMINGTON LLC | LOW INCOME RENTAL | $786,000 | 106 ft |
| 3421 15TH AVE S MINNEAPOLIS MN 55407 | LONNY DOUB | APARTMENT | $683,000 | 138 ft |
| 3415 15TH AVE S MINNEAPOLIS MN 55407 | BARBARA A KUMMER | RESIDENTIAL | $235,300 | 139 ft |
| 3404 BLOOMINGTON AVE MINNEAPOLIS MN 55407 | A L FLADEBOE/J S FITZWILLIAM | RESIDENTIAL | $366,000 | 150 ft |
| 3425 15TH AVE S MINNEAPOLIS MN 55407 | G M PEREZ & C H ROBLES | RESIDENTIAL | $335,300 | 155 ft |
| 3411 15TH AVE S MINNEAPOLIS MN 55407 | HADA PROPERTIES LLC | APARTMENT | $717,000 | 156 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | AMANDA ANN KNOKE LIVING TR | CONDOMINIUM | $179,500 | 184 ft |
| 3429 15TH AVE S MINNEAPOLIS MN 55407 | CAITLIN O'FALLON | CONDOMINIUM | $179,500 | 184 ft |
Most Recent Sale
Current Tax Year